The Indy Chamber of Commerce retained FaegreBD to support the Chamber’s collaboration with Indianapolis Public Schools (IPS). FaegreBD was asked to perform a 90-day cost savings assessment at IPS in order to help mitigate proposed tax increases needed to fund school operations, including meaningful increases in teacher and principal pay. Working together, the Chamber and FaegreBD identified $328 million in administrative cost savings, which IPS agreed to implement. The savings — from operational efficiencies in transportation, facilities, health care, administration and back office/IT services — will be largely applied to increase pay for teachers and principals. The Chamber also engaged FaegreBD to support IPS with the implementation of the cost savings recommendations.